Timbiri Savings and Credit Cooperative

Region: Malawi

Mpamba is a community that lies between the lake shore district of Nkhata-bay and the City of Mzuzu in the northern region of Malawi. The main trading centre for the area, Mpamba Trading Centre sits along the main road connecting Nkhata-bay and Mzuzu. It is a growing economic hub and the main business centre for the vast area covering Mpamba and Chikwina- about 8 km radius. Empower Malawi supported the establishment of community savings and credit cooperative based on the findings of a community vision workshop that took place in 2014. The Timbiri community SACCO opened its door to customers on 1st November 2015. As of May 2017, this financial cooperative has over 350 members and a banking license from the Reserve Bank of Malawi.

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About Empower

We are an Australian for purpose organisation that enables rural communities to pursue their vision towards self-reliance. We adopt an asset-based approach to development and currently support grassroot initiatives in Malawi and Sri Lanka.